VNE – By Gia Chinh   March 17, 2024 | 08:00 am GMT+7

Erosion along the coast of Hoi An City, 2022. Photo by VnExpress/ Dac Thanh

The French Development Agency will provide 42 million euros (US$45.7 million) between now and 2028 to fund works to prevent coastal erosion in Hoi An City.

The Ministry of Finance and the European Union (EU) on Friday signed an agreement for the Hoi An Erosion Prevention and Sustainable Coastal Protection project.

Of the 42 million euros, 35 million euros are a loan from the AFD, two million euros are in the form of non-refundable aid from the EU, and five million euros are Vietnam’s counterpart fund.

The work comprises building seven concrete embankments and pouring sand to create a beach along a five-kilometer stretch of coast along Cua Dai Beach.

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